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Report: More Illinois debt likely following misuse of federal aid money

By Patrick Andriesen
08/23/2022
A Truth in Accounting report argued state authorities should have used billions in federal aid to pay down interest on existing pension debt rather than save it for a rainy day. Experts warn this could lead to more state borrowing.

TAGS: borrowing, credit rating, debt, Truth in Accounting

Chicago’s combined state and local taxpayer debt burden worst in the nation

By Justin Carlson
06/07/2022
Fiscal watchdog Truth in Accounting reports every Chicagoan is on the hook for $135,700 when combining city and state debt.

TAGS: Chicago, tax burden, Truth in Accounting

Illinois’ financial condition worsens despite receiving billions in federal aid

By Justin Carlson
10/01/2021
A new report from watchdog Truth in Accounting shows each taxpayer’s share of state debt has nearly doubled since 2009 to $57,000 as total debt increased by $10 billion—mostly due to pension obligations.

TAGS: budget, debt, Illinois, Truth in Accounting

Watchdog: Illinois fiscal health 2nd worst in nation

09/25/2019
Illinois politicians have too often ignored the necessity of true pension reform and instead opted for tax hikes.

TAGS: budget, debt, taxes, Truth in Accounting

Sinkhole city: Financial watchdog again gives Chicago an ‘F’ in finances

By Vincent Caruso
11/02/2018
An annual analysis of Chicago’s finances finds the city’s debt burden continues to weigh heavily on the shoulders of taxpayers.

TAGS: budget, Chicago, municipal pensions, pensions, property taxes, Rahm Emanuel, taxes, Truth in Accounting

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Center for Poverty Solutions / Research Report

Center for Poverty Solutions: How to better assess poverty in Chicago and America


America’s War on Poverty has been an abject failure. Nearly $12 trillion and 60 years later, official poverty rates remain basically unchanged. While the nation waged a well-intentioned assault on poverty, it inadvertently launched a far more sinister war: on dignity. While attempting to eradicate poverty, America created countless government welfare programs. In doing so,...

View Report

Report Archive

Education / Your Story

Symara Moses

Labor / Policy Point

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014
Illinois Policy In the News

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016

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